Basel-ed

Uniswap does NFTs, BlockFi goes bust, SBF dodges again

December 04, 2022

gm, 

Us on our post-Basel comedown.

Club news:

  • Jess Sloss from Seed Club joined Natasha and Deana on the pod to talk tokenized communities and Building at the Edges™.

  • Two virtual member events this week. 1) Building for Impact workshop with Good Dollar co-founder Anna Stone. 2) Boys Club DAO - Monthly Financial Readout. Details for both in Discord.

delicately,

The Boys

Writer: RachlolEditor: Deana 

Simp4UNI. The #1 Daddy of DeFi, Uniswap, launched an NFT trading platform this week. The Uniswap protocol is the largest DeFi exchange for token swapping, and now Uniswap Labs has added NFTs — bullish! The market aggregator will allow users to source NFTs across multiple marketplaces, allowing you to get the biggest bang for your buck (or take a 95% loss on that jpeg you bought last summer). While we’re on a good news roll, this week Stripe launched a new fiat-to-crypto onramp. This is a huge dill for making crypto apps usable by mainstream users. Leggoo.

It’s giving insolvent. The death spiral continues. Monday greeted us with a swift kick in the pants when BlockFi filed for Chapter 11 bankruptcy citing “hefty” exposure to FTX (welcome to the club). The filing revealed that BlockFi has more than 100,000 creditors with assets and liabilities each between $1 billion and $10 billion. Eek. The more you zoom into the story, the more you realize anyone who has lent money to save a CeFi company is maybe on the verge of bankruptcy themselves. The theme of 2022: insolvency.

Wen jail. This week we tuned into SBF’s Masterclass: How to Dodge a Question. TLDR, Sam’s interview with Dealbook this week was an hour long “shakedown”. We can sum it up in one sentence: “oh, oh no uh wait, I don’t know how this happened, or uh I don’t have any info, oops bank run oopsies sorry customers!” Someone has had media training. We’re hoping this is the last Boys Club mention of SBF — we can’t stand to give this con artist any more airtime.

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